ExlService Holdings, Inc. (EXLS) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 73.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,223 shares of the business services provider’s stock after selling 11,448 shares during the quarter. WINTON GROUP Ltd’s holdings in ExlService were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can purchased a new stake in ExlService in the second quarter worth $286,000. Measured Wealth Private Client Group LLC purchased a new position in shares of ExlService in the second quarter valued at $301,000. Atria Investments LLC purchased a new position in shares of ExlService in the second quarter valued at $322,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ExlService in the second quarter valued at $412,000. Finally, Acadian Asset Management LLC purchased a new position in shares of ExlService in the second quarter valued at $472,000. 91.44% of the stock is owned by institutional investors.

NASDAQ:EXLS opened at $63.42 on Monday. The firm has a market cap of $2.27 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.29 and a beta of 1.28. ExlService Holdings, Inc. has a 52-week low of $52.52 and a 52-week high of $67.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.57 and a quick ratio of 3.57.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The company had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. ExlService had a return on equity of 14.25% and a net margin of 6.11%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Equities research analysts anticipate that ExlService Holdings, Inc. will post 2.22 EPS for the current year.

In related news, CFO Vishal Chhibbar sold 2,761 shares of ExlService stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $63.00, for a total transaction of $173,943.00. Following the completion of the sale, the chief financial officer now owns 8,600 shares of the company’s stock, valued at $541,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 40,780 shares of ExlService stock in a transaction on Friday, August 31st. The shares were sold at an average price of $63.85, for a total value of $2,603,803.00. Following the sale, the chief executive officer now directly owns 280,477 shares of the company’s stock, valued at approximately $17,908,456.45. The disclosure for this sale can be found here. Insiders have sold 132,515 shares of company stock valued at $8,445,789 in the last three months. 4.40% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on EXLS shares. Zacks Investment Research upgraded ExlService from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Wednesday, July 18th. BidaskClub upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, September 5th. Barrington Research set a $70.00 price target on ExlService and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 price target on shares of ExlService in a research report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $64.00.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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